Financial Results for the Quarter Ended 30th Jun 2012 (Unaudited, Consolidated)

12 August, 2012

• Achieved sales bookings of 1.51 million sq ft, valued at Rs. 701 Crores
• Delivered 0.8 million sq ft of completed property
• Total Income for the Quarter at Rs. 442.28 Crores

Unitech, India's leading business group involved in large-scale integrated real-estate development and infrastructure projects, today announced its unaudited consolidated financial results for the Quarter ended 30th June 2012. The company recorded a total income of Rs. 442.28 Crores for the Quarter ended 30th June 2012. Net profit for the same period stood at Rs. 45.88 Crores.

The Earning per Share (EPS) for the Quarter ended 30th June 2012 stood at Rs. 0.18 on an equity base of Rs. 523.26 Crores. Total paid up capital is represented by 261.63 Crore equity shares of Rs. 2 each.

Company also released its audited Statement of Assets and Liabilities as of 31st March 2012. Company’s consolidated net debt as of 31st Mar’12 was Rs. 5399 Crores. Consolidated net debt reduced by Rs. 325 Crores during the financial year ending 31st March 2012.

Announcing the results, Mr. Ajay Chandra, Managing Director, Unitech Ltd. said, 'Company's focus continues to be on ramping up the construction activity and is taking several measures to this end. A lot of emphasis is also being laid on improving various processes to drive efficiencies and reduce costs.'

He added, 'Retail home loan rates have seen a marginal reduction and the market demand for real estate product remained stable during the quarter. Company achieved sales bookings of 1.51 million sq ft. during the quarter. There has also been an improvement in prices realized during the quarter with the average realization per sq ft increasing by approximately 6.50% as compared to the previous quarter. In terms of value, sales bookings during the quarter stood at Rs. 701 Crores.'

Key operational highlights for the quarter ended 30th Jun'12 are

• Achieved sales bookings of 1.51 million sqft at an average realization of Rs. 4632/sq. ft.
• Launched projects totaling an area of 1.27 million sq. ft. across Noida, Bangalore & Rewari.
• Residential sales bookings of 1.44 million sq ft valued at Rs. 607 Crores
• Non-residential sales bookings of 0.08 million sq. ft. valued at Rs. 94 Crores
• Total value of Sales bookings is Rs. 701 Crores
• Delivered 0.8 million sq. ft. of completed area. Commenced delivery of Unihomes & Aspen Greens in Chennai.

About Unitech

For more information on the company, please visit www.unitechgroup.com

Forward Looking Statement

This document contains statements about future events and expectations that are forward-looking statements. These statements typically contain words such as 'expects' and 'anticipates' and words of similar import. Any statement in this document that is not a statement of historical fact is a forward looking statement that involves known or unknown risks, uncertainities and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. None of the future projections, expectations, estimates or prospects in this document should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the document. The Company assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

For any further information please contact:

Ms. Tanuja Kehar
Head of Corporate Communications, Unitech Ltd.
M: +919911201752
E: tanuja.kehar@unitechgroup.com